Bernie Ecclestone pleads guilty to fraud

Bernie Ecclestone has pleaded guilty for fraud after failing to declare more than £400m held in a trust in Singapore back in 2015.

Ex-Formula 1 boss Bernie Ecclestone has pleaded guilty to fraud over a failure to declare £400m held in a trust in Singapore. pic.twitter.com/bfBAX5dLa5

— Sky Sports F1 (@SkySportsF1) October 12, 2023

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The former Formula 1 owner failed to disclose the trust as it was officially announced in July 2015 and has admitted his wrongdoings after initially pleading “not guilty”.

Appearing in front of the Southwark Crown Court on Tuesday Ecclestone changed his plea in front of the judge, completely jeopardizing his case.

The 92-year-old was due to go on trial next month, but with the most recent changes his fate has taken a huge U-turn.

Ecclestone was one of F1’s most enigmatic and recognized figures, having run the sport for almost 40 years (from the 1970s until January 2017).